The global economy has experienced tremendous turmoil in 2020.
Oil prices cratered after OPEC failed to reach a deal to cap production. The coronavirus has crippled supply chains and paralyzed commerce in Asia, Europe, and North America.
And even as governments pump trillions of dollars into the financial system, the odds of a recession are rising.
Small business owners face steep challenges in the coming months, particularly those relying on customers to pay their bills on time. Many SMBs may rush to apply for bank loans, consider selling equity to raise cash, or try other traditional, time-consuming measures to boost cash flow.
But before fretting about the road ahead, take some time to learn about a practical solution to get the working capital you need on your terms. Alternative finance companies have shown incredible success in helping these same businesses reach their funding needs. If you haven’t heard of alternative finance, take some time to learn how it can not only help companies survive in 2020 but also help them thrive.